#PivotShiftIndicator
Those who followed this today would not have gone long in the open.
Both PSI and advance decline momentum were sloping downwards continuously even when the mkt gapped up and kept going up.Trollers might say this as post Mortem. But I made what I can... 😌.
More from HMK alias MANOJ
More from Stockslearnings
Read and retweet. One of thr best investors in India who has made multibaggers from various sectors such as seeds, Financials, Auto Ancs, Real estate, Chemicals, Pharma,Technical textiles, Animal health etc. Uniquest and most realistic+diverse approach in my view @SamitVartak
Compelled to take down notes from this very interesting talk by @SamitVartak and share with the Investing community. Was introduced to this gentleman by @ishmohit1 - Thanks !!https://t.co/bCfjfNBWO1
— Mouzam (@mmali09) July 18, 2021
Highly recommended to watch it.
\u267b\ufe0fRetweet to if you find my notes useful https://t.co/3zZ9qCf90z pic.twitter.com/LGjoJDaJsT
#Freetip
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
Today's move is an example of this tweet. Save this chart for future ref. https://t.co/amUhSLrET3
#FreeTip
— HMK alias MANOJ (@scorpiomanojFRM) June 23, 2021
A general rule to assess if a market is ranging is to look at developing TC and / or developing BC. If either of them is flat, it means market is currently ranging. If you are trading in 5 min, go to a lower tf chart, say, 2 min to have a less lagging assessment.